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There's 'desperation' to keep gold down, Leeb tells King World News
3:50p CT Tuesday, October 23, 2012
Dear Friend of GATA and Gold:
A second excerpt of his interview today with King World News quotes fund manager Stephen Leeb as saying that efforts to suppress the price of gold have become pervasive.
"There is tremendous vested interest in promoting paper money," Leeb says. "When you have that kind of vested interest, people aren't going to go down without a fight, and I think all year long you have seen desperation at play in the gold market. When you step back, with all of the desperation, with all of the manipulation, gold is still up year-to-date. They've been unable to hold it back."
The second excerpt is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."
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